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Japanese bank SMBC, which was duped by fraudster Bill Papas to enter into agreements with a Humm subsidiary for assets and receivables that didn't exist, has won the right to call in warranties on its $113.7 million investment.
Construction PRO
A judge has thrown out a breach of contract case against MercyCare over the purchase of Belrose Care and its Perth properties, finding the aged care provider complied with a deferred payment clause in their deal.
Nine has lost its bid for a 50-year suppression order over the details of a settlement reached with Ben Roberts-Smith's former mistress, with a judge finding it would be useless given the settlement has already been covered in the media.
Sydney silk Richard Lancaster SC has been appointed as senior counsel assisting the royal commission led by former High Court Justice Virginia Bell into antisemitism launched in the wake of the Bondi terrorist attack.
Construction PRO
A Victorian construction company is seeking indemnity costs against the company that unsuccessfully pursued a winding-up application against it, as well as a personal costs order against its director.
Real estate data company BCI and US analytics firm CoreLogic are fighting over expert evidence in a novel IP case over alleged data scraping, with CoreLogic saying a report by BCI’s accountant makes changes to its case two months out from trial.
Construction PRO
Lawsuits against a Chinese real estate investor and his mother involving transactions linked to Sam Fayad's Dyldam Group have been paused pending criminal proceedings against the pair in Hong Kong.
Banksia Securities investors who agreed to drop their case alleging breaches linked to a scandal-ridden class action have been hit with costs, with a judge saying the case was “plainly” not for the benefit of all group members.
A judge has ordered a foreign investor in rare earths miner Northern Minerals to pay pecuniary penalties after it failed to comply with divestment orders, in the first case brought over alleged breaches of foreign investment laws.
Construction PRO
A court has ruled that the body corporate of a block of units can bring a contract claim against builder Devine in its own name, finding that parliament did not intend to import the technical legal meaning of ‘subrogation’ into legislation governing owners corporations.